A charitable gift may be made to the SUNY Sullivan Foundation by bequest through your will or a living trust.
A bequest naming the SUNY Sullivan Foundation can be easily implemented in your will or living trust. A bequest may be in the form of a specific sum of cash, a percentage of the residual estate, a contingency depending upon another action (e.g. the death of another beneficiary) or a gift of real estate or other complicated asset.
To ensure accuracy and legal integrity, a will or a living trust should be prepared by legal counsel. The execution of a will by your appointed executor requires a judicial process known as probate, even in the simplest of asset distributions. Probate is a public record and is not private. Distributions through a living trust are administered by your appointed trustee, and are made without the necessity of probate, thereby making distributions more expeditiously and private.